[Nolose-finance] tax deduction letter

[hhholiday@aol.com]

i love, love, love you, ama

-----Original Message-----
From: Amanda Piasecki <amandapiasecki at yahoo.com>
To: Nolose-finance at nolose.org
Sent: Thu, 29 Jun 2006 17:57:38 -0700 (PDT)
Subject: Re: [Nolose-finance] tax deduction letter

   Hhh, just worry about income being income and expense being expense. 
Quickbooks will generate a P&L, so it's not info you have to have in 
your head.

  You're right that these things are the opposing sides of income and 
expense in the balance sheet, but it's not something you have to carry 
around.

 (Accountant meets psychic advisor.)

hhholiday at aol.com wrote:
 okay, this is mostly on me, so i want to understand precisely what/how
i'm tracking the $$--

fees from clothing purchases are, straight up, fully, money that's
"contributed" (because the good were contributed, right?)

admissions fees: these are "earned"-- is this "net"? total fees minus
our expenses (space rental, storage rental, etc)?

food/bev vending fees: "earned", but again-- is this "net" fees minus
our costs?

shira, remind me at the flea, i may need three separate money
collection bags or somesuch to keep it all tracked and classed out, as
ama says.
xxx
h

-----Original Message-----
From: Amanda Piasecki
To: Nolose-finance at nolose.org
Sent: Thu, 29 Jun 2006 17:02:25 -0700 (PDT)
Subject: Re: [Nolose-finance] tax deduction letter

Fully, all that income should be tracked and classed out. It should
be differentiated in the books as earned and contributed. The
admissions fee is earned, so is food/bev, purchases of clothing are
contributed.

SHIRA STONE wrote: sounds good to me. Also
Holly, as I understand it we will need to track
where money came from better this year. We will need to know how much
from
admissions, how much from food and beverage, and how much from
purchases. I
dont think we so carefully distinguished in teh past.
----- Original Message -----
From:
To:
Sent: Thursday, June 29, 2006 2:18 PM
Subject: [Nolose-finance] tax deduction letter


> hey everyone
>
> i just got to thoroughly read the link that ama sent me (thank you)...
> but most of the info in there is directed towards the donor, not us.
>
> still, that along with what ama and cristy have already said, leads me
> to believe that it is perfectly fine for us to use the
> password-protected deduction letter on the nolose site. (this has no
> hotlink anywhere; folks must get the URL and the password from me.) i
> say we forge ahead with this. i'll keep all my email w our flea
> clothing donors, in case we need to provide a list at tax time.
>
> shall we vote on it?
>
> thanks, and
> fleamarket fairydust!
> holly
>
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